Minerva S.A. Begins Trading on OTCQX®
NEW YORK, Aug. 14, 2013 /PRNewswire/ -- OTC Markets
Group Inc. (OTCQX: OTCM), operator of Open, Transparent and
Connected financial marketplaces, today announced that Minerva S.A.
(OTCQX: MRVSY; BM&F Bovespa: BEEF3), one of the leading
producers and sellers of fresh beef, industrialized beef products
and beef by-products in South
America, has chosen to have its American Depositary Receipts
(ADRs) traded on OTCQX®, the best marketplace with qualified
companies.
(Logo:
http://photos.prnewswire.com/prnh/20110118/MM31963LOGO)
Minerva S.A. began trading today on OTCQX International Premier,
a segment of the OTCQX marketplace reserved for world-leading
non-U.S. companies that are listed on a qualified international
exchange, undergo management reviews and provide their home country
disclosure to U.S. investors. U.S. investors can find current
financial disclosures and Real-Time Level 2 quotes for the company
on www.otcmarkets.com.
"We are pleased to welcome Minerva S.A. to the OTCQX
marketplace," said R. Cromwell
Coulson, President and CEO of OTC Markets Group.
"OTCQX provides qualifying companies like Minerva the ability to
distinguish themselves in the U.S. market and increase their
visibility with traders, investors, analysts and the media through
high-quality disclosure, transparent trading and ease of access to
company information. We look forward to supporting the
management team at Minerva as they continue to grow the company and
provide a robust public market for their shares."
"Upgrading our ADR program to the OTCQX marketplace was the
right move for Minerva and our investors," said Eduardo Puzziello,
Investor Relations Officer of Minerva S.A. "With OTCQX, we
can clearly convey our qualifications to the financial markets and
ensure our shareholders receive high-quality disclosure,
transparent trading and easy access through their regulated U.S.
broker-dealer."
Deutsche Bank will serve as Minerva S.A.'s Principal American
Liaison ("PAL") on OTCQX, responsible for providing professional
guidance on OTCQX requirements.
Minerva S.A. is one of the leading producers and sellers of
fresh beef, industrialized beef products and beef by-products in
South American, with a daily slaughter capacity of 11,480 head of
cattle and deboning capacity of 2,240 tons, corresponding to
approximately 14,177 head of cattle. The company also
operates in the food service sector through Minerva Dawn Farms
(MDF) joint venture, which has a meat-processing capacity of 120
tons per day and produces beef-, pork- and poultry-based foods.
Minerva S.A. trades in the U.S. on OTCQX under the symbol
"MRVSY," where each ADR represents four ordinary shares.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates Open,
Transparent and Connected financial marketplaces for 10,000 U.S.
and global securities. Through our OTC Link® ATS, we directly link
a diverse network of broker-dealers that provide liquidity and
execution services for a wide spectrum of securities. We organize
these securities into marketplaces to better inform investors of
opportunities and risks – OTCQX®, The Best Marketplace with
Qualified Companies; OTCQB®, The Venture Stage Marketplace with
U.S. Reporting Companies; and OTC Pink®, The Open Marketplace with
Variable Reporting Companies. Our data-driven platform enables
investors to easily trade through the broker of their choice at the
best possible price and empowers a broad range of companies to
improve the quality and availability of information for their
investors. To learn more about how we create better informed and
more efficient financial marketplaces, visit
www.otcmarkets.com.
OTC Link ATS is operated by OTC Link LLC, member FINRA/SIPC and
SEC regulated ATS.
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